Seller's Contact Information
- RE: Maui 85 Yr. Old Japanese Restaurant
- Contact: Tom Caltrider
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $705,614 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $152,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $120,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1936 | |
| Employees: | 8 | |
| BBN Listing #: | 532252757 | |
| Broker Reference #: | MAUI JAPANESE REST |
Business Overview:
This Maui restaurant is a local favorite for over 85 years and the current owners are retiring and are looking for a hard-working buyer or family to continue the legacy. Japanese generational recipes will be passed on to the new owners to keep the local clients coming back for more. It is the only sit-down Japanese restaurant with large capacity in Wailuku & Kahului for its population of over 30,000 locals plus some tourists and provides both lunch and dinner.
INVESTMENT HIGHLIGHTS
•STRONG BRAND NAME recognition and prestige by existing for 86 years
•Only sit-sit down for lunch and dinner Japanese restaurant in Wailuku, Kahului for 30,000 population
•99% local traffic and not dependent on tourists
•Recipes passed down for generations
To receive a detailed Confidential Business Profile with full business and tax return based financial details, please contact Hawaii Business Sales.
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Property Features and Assets:
Status: Leased Monthly Rent: $2,203 base rent plus CAM; estimated CAM of $569 plus GET (@4%) $111, total: $2,884 Square Feet: estimated 2,000 Lease Expiration Date: 11/30/2023 Renewal options: 5-year option Offered fully turnkey.
Market Competition and Expansion:
Limited direct competition EXPANSION OPPORTUNITIES •Currently no liquor license. New owner could apply for a Maui County liquor license as a way to increase revenues. (Restaurant had a liquor license years ago) •New owner can add catering, advertise, and open longer •New owner could also refresh the interior to make it more appealing to customers
Reason for Selling:
Retirement.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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